Vera Bradley Inc.

31/07/2024 | Press release | Distributed by Public on 01/08/2024 03:15

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 26, 2024, Bradley ("Brad") Weston provided notice of his decision to resign from the Board of Directors (the "Board") of Vera Bradley, Inc. (the "Company") effective August 30, 2024. Mr. Weston's resignation did not result from any disagreement with the Company concerning any matter relating to its operations, policies, or practices. Consistent with the Company's Board augmentation and refreshment standards, the Company has commenced a search for Mr. Weston's replacement with the assistance of an experienced direct search firm.
Mr. Weston noted, "I have enjoyed working with both the Vera Bradley Board and management team. I believe the Company's strong foundation, operational execution and clear strategic implementation will serve shareholders in the future. My responsibilities associated with a new CEO role, however, require that I step away from the Vera Bradley Board of Directors at this time, and I wish the entire Vera Bradley organization the best on their journey ahead."